Another investing idea for Bitcoin Bulls.Symbol MSTR Full disclosure I own no Microstrategy stock and no Bitcoin!!
“The Company continues to operate in accordance with its Treasury Reserve Policy and currently holds approximately 70,470 bitcoins,” said Michael J. Saylor, CEO, MicroStrategy Incorporated.Dec 21, 2020
Danny Nelson
Fri, January 22, 2021, 9:33 AM
Business intelligence company MicroStrategy bought 314 bitcoin for $10 million on Friday, piling on in a market that was down as much as 15% only one day before.
CEO Michael Saylor said in a tweet the coins cost an average of $31,808. He said the purchase conforms with MicroStrategy’s treasury reserve policy.
This is MicroStrategy’s first treasury padding since splurging $600 million on the market-leading cryptocurrency following a debt raise.